Copart, Inc. (Copart) is a provider of online auctions and vehicle remarketing services in the United States, Canada and the United Kingdom. The Company provides vehicle sellers with a range of services to process and sells vehicles over the Internet through its Virtual Bidding Second Generation (VB2) Internet auction-style sales technology. Vehicle sellers consist primarily of insurance companies, but also include banks and financial institutions, charities, car dealerships, fleet operators and vehicle rental companies. In the United States and Canada (North America), the Company sells vehicles primarily as an agent and derives revenue primarily from fees paid by vehicle sellers and vehicle buyers, as well as related fees for services, such as towing and storage. In November 2013, Copart, Inc acquired Berpa Auto Auction, Inc.